He’ll always have American Samoa!
Mike Bloomberg’s $500 million White House bid fizzled on Super Tuesday as the billionaire’s earth-shattering investment failed to produce big returns at the polls in his first outing of the primary season.
The ex-Big Apple mayor scored his first and only win in American Samoa, a tiny US territory in the South Pacific, but his big bet didn’t pay off and he barely rated anywhere else.
As the night wore on, Bloomberg at 12 a.m. trailed behind the pack with just 32 delegates — costing him a whopping $15.6 million a piece.
Even if Bloomberg netted the 140 delegates he was projected to win by night’s end, he would still be out $3.6 million per delegate — while falling far short of former Vice President Joe Biden and Sen. Bernie Sanders.
The successful candidate needs 1,991 delegates to win the presidential nomination at the Democratic National Convention in Milwaukee in July.
Bloomberg, 78, made waves when he entered the Democratic presidential race in late November and made the unprecedented decision to snub early states, appearing on the ballot for the first time on March 3.
While his Democrat rivals duked it out in Nevada and South Carolina, Bloomberg was instead in North Carolina and Virginia, putting on lavishly catered town halls. His campaign focused on the south and had the biggest ground game in Arkansas, Oklahoma and Tennessee — putting dozens of staff on the ground and spending millions of dollars on ads.
He spent $57 million on TV ads in California alone.
But as the results poured in on Tuesday night, it became clear he’d made a bad investment.
He failed to win a single state, a disappointing result that left the media mogul and his staff reassessing the future of their campaign.
Bloomberg flew back to New York City while the results were still being counted and he is now considering dropping out as soon as Wednesday, campaign sources told Politico.
The moderate votes that Bloomberg was banking on instead went to former Vice President Joe Biden, 77, who ran a shoestring campaign that was on life support until he scored a shocking rout in South Carolina.
Biden’s win there pushed two other candidates — former Mayor Pete Buttigieg and Sen. Amy Klobuchar — from the race and their support to his corner.
President Trump gleefully weighed in from the White House — calling Bloomberg “the biggest loser” of the night while referring to him by his preferred taunt “Mini Mike.”
“His ‘political’ consultants took him for a ride. $700 million washed down the drain, and he got nothing for it but the nickname Mini Mike, and the complete destruction of his reputation. Way to go Mike!” Trump tweeted.
With Post Wires
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